Europe Inflight Catering Market Outlook 2031
The Europe inflight catering market size was valued at USD 3.35 Billion in 2022 and is expected to reach USD 6.27 Billion by 2031, expanding at a CAGR of 7.21% during forecast period, 2023–2031. Growth of the market is attributed to increasing population, rapidly growing tourism sector, and increasing awareness towards healthy diet.
The inflight catering services means providing meals and packaged food beverages at airports for consumption while in flight. These meals are made by airline catering services and served to passengers using service trolley.
The Covid-19 pandemic affected the demand and supply of the Europe inflight catering market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Europe Inflight Catering Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of airline passenger is projected to boost the market in the coming years.
- Rapid development in aviation sector is the major factor fueling the market.
- Lack of awareness is projected to restrict the market expansion.
- High cost of the services is projected to hamper the market in the coming years.
- R&D investment and technological advancement in inflight catering services is projected to create lucrative opportunities for the market players.
Scope of Europe Inflight Catering Market Report
The report on the Europe inflight catering includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Inflight Catering Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Flight Type [Low-cost Carriers, Full-service Carriers, and Hybrid and Other Flight Types], Food Type [Bakery and Confectionary, Meals, Beverages, and Other Food Types], Aircraft Seating Class [Business Class, First Class, and Economy Class]
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Geographical Scope
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Europe (United Kingdom, Germany, France, Russia, Italy, Spain, and Rest of Europe)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Newrest Group Services SAS, LSG Sky Chefs, DO & CO, dnata, gategroup, Flying Good Group, LLC, Lufthansa Service Holding AG, Emirates Flight Catering, Jetfinity, SATS Ltd, and IGS Ground Services
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Europe Inflight Catering Market Segment Insights
Aircraft Seating Classes Segment Analysis
Based on aircraft seating classes, the Europe inflight catering is segregated into business class, first class, and economy class. The economy class segment accounts for a key share of the market. Growth of the market is attributed to increasing population, rising disposable income, and increasing inflight catering.
Food Type Segment Analysis
On the basis of food types, the Europe inflight catering market is segmented into bakery and confectionary, meals, beverages, and other food types. The meals segment is anticipated to dominate the market in the coming years due to factors such as increasing number of airline passengers, increasing quality of food and services offered by aircraft service providers, and rapid urbanization.
However, the beverages segment is expected to expand at a rapid pace during the forecast period owing to improved standard of living, development in aviation industry, and growing tourism sector.
Flight Type Segment Analysis
Based on flight types, the Europe inflight market is fragmented into low-cost carriers, full-service carriers, and hybrid and other flight types. A low-cost carrier is carrier that is managed with high priority without some of the conventional services and minimizing operating cost, result in not many comforts and fares.
A full-service carrier mainly provides checked baggage, inflight entertainment, beverages, comfort, and meals. A full-service carrier provides customers the choice of business class, or economy class travel. A hybrid service carrier is carrier that operates with low-cost business structure but has standard services that is similar to the first-class carriers.
Europe Inflight Catering Market Geography Analysis
On the basis of geography, the Europe inflight catering market is categorized as United Kingdom, Germany, France, Russia, Italy, Spain, and Rest of Europe. The market in United Kingdom is anticipated to expand at a high CAGR during the forecast period due to factors such as high disposable income, improved standard of living, and increasing population.
The market in France is estimated to expand due to factors such as increasing international travel & tourism, increasing airflight catering, and development in aviation industry.
Segments
Flight Types
- Low-cost Carriers
- Full-service Carriers
- Hybrid and Other Flight Types
Food Types
- Bakery and Confectionary
- Meals
- Beverages
- Other Food Types
Aircraft Seating Class
- Business Class
- First Class
- Economy Class
Geography
- United Kingdom
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
Key Players
Competitive Landscape
Key players competing in the Europe inflight catering market includes Newrest Group Services SAS, LSG Sky Chefs, DO & CO, dnata, gategroup, Flying Good Group, LLC, Lufthansa Service Holding AG, Emirates Flight Catering, Jetfinity, SATS Ltd, and IGS Ground Services
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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